US Stock Reports, Quotes and News
Anand Tandon advises focusing on tactical plays in private sector banks amidst market sector value concerns. He highlights the power sector\’s growth potential but suggests waiting for better entry points for investment in various sectors.
IT bellwether TCS reported better than expected numbers for the fourth quarter ended March as its profit rose 9% year-on-year to Rs 12,434 crore. Revenue from operations, meanwhile, jumped 3.5% year-on-year.
Anand Rathi Q4 Results: Board has approved a proposal to buy back up to 3.7 lakh shares of the company at Rs 4,450 apiece for an amount not exceeding Rs 164.65 crore.
TCS anticipates sequential growth in Q4 driven by BFSI and manufacturing sectors. Operating margin estimates 25.2-27.2%. Key focus on FY25 outlook, Hi-Tech, telecommunications, US, Europe, and Accenture Plc. Investor interest in Dalal Street.